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PAKTThis chart for Pakistan Tobacco Co Ltd (PAKT) shows a classic cup and handle pattern, which is a bullish continuation signal. The stock experienced a downtrend followed by a rounded bottom (the cup), and it has now formed the handle with a slight consolidation. The recent breakout past the handle indicates a potential upward price movement. The target price appears to be around 1,266 PKR, reflecting a 19.86% potential gain from the current level of 1,050 PKR. The volume has also increased, supporting the breakout, and the overall trend suggests further upward momentum.
PSX:PAKTLong
by mbaberhanif
ILP | Head & ShoulderILP showing a clear Head and Shoulders pattern, which is a common bearish reversal signal. The components of the pattern include: Left Shoulder : The first peak that forms after an uptrend, followed by a pullback. Head : The highest peak that follows the left shoulder, followed by another decline. Right Shoulder : The final peak, lower than the head but similar to the left shoulder, indicating weakening upward momentum. The pattern's Neckline is clearly drawn around the PKR 64 mark, and the price has broken below it, confirming the head and shoulders formation. The price recently fell significantly (down 11.66%), suggesting a potential move lower, as depicted by the projected trendline that points towards a support level around PKR 46.30. The overall analysis points to a bearish outlook, with a likely further decline towards the mentioned support level, assuming no significant changes in market dynamics.
PSX:ILPShort
by mbaberhanif
1
GWLC - Monthly Technical Analysis - Buy CallPresently it is in Bull run but the momentum is lesser than previous bull run. Killinger Oscillator suggests that at the moment Bulls are in control. The price has always respected Bollinger's Band upper limit and has always retraced back to center line. Based on previous 15 months bull run, it is expected that it will touch Rs 43.45 in February 2025. Therefore, gains of 30% in 4 months is on the cards. Parallel channel has also been drawn and it is expected that price will stay in the channel. However, if price breaks the channel before January, 2025 then it may go even further up sharply to retest its all time high of Rs 70. LONG Buy Trade Call Entry: 30.22 SL: 24.85 TP1: 43.45 TP2: 48.00
PSX:GWLCLong
by Golden_Spur
POWERPOWER - Buy Call Entry: 5.21 Target: 5.51 (5.7%) Stop Loss: 4.96 Stock Summary : POWER closed at 5.21 and is currently holding below the 20-day SMA on the daily chart. The stock finished 4.42% above the lower Bollinger Band. Upper band lies at 5.64. POWER tested an upward trend line in the last trading session and successfully closed above it, establishing positive stance. The 200-day SMA lies around 5.51 which consider the initial target of the price. Upon breakout further upside can be expected. Recommendation : Initiate buying positions on weakness or near the support zone and set stop loss below 4.96.
PSX:POWERLong
by mbaberhanif
ILP | Head & ShoulderThe chart represents a head and shoulders pattern for Interloop Ltd. (ILP) on the Pakistan Stock Exchange (PSX). This technical analysis indicates a potential reversal in the stock's upward trend. The chart marks the "Left Shoulder," "Head," and "Right Shoulder" at the top of the price movement, forming the classic head and shoulders structure. The "Neckline," drawn horizontally, acts as a support level around PKR 63.91. The stock price has tested the neckline multiple times, and a breakdown below this level could indicate a further downward trend, possibly aligning with the projected blue arrow suggesting a significant price drop if the pattern completes.
PSX:ILPShort
by mbaberhanif